Main Street Capital Corporation (NYSE:MAIN) Announces Quarterly Dividend of $0.30

Main Street Capital Corporation (NYSE:MAIN) announced a quarterly dividend on Monday, August 4th, investing.com reports. Investors of record on Wednesday, October 8th will be given a dividend of 0.30 per share by the financial services provider on Wednesday, October 15th. This represents a c) dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Wednesday, October 8th.

Main Street Capital has a payout ratio of 78.9% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities analysts expect Main Street Capital to earn $4.06 per share next year, which means the company should continue to be able to cover its $3.00 annual dividend with an expected future payout ratio of 73.9%.

Main Street Capital Price Performance

Main Street Capital stock opened at $62.98 on Monday. The firm has a market capitalization of $5.63 billion, a P/E ratio of 10.38 and a beta of 0.87. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.12. Main Street Capital has a 52-week low of $47.00 and a 52-week high of $67.77. The firm has a fifty day moving average of $65.14 and a 200-day moving average of $59.81.

Main Street Capital (NYSE:MAIN) last released its quarterly earnings results on Thursday, August 7th. The financial services provider reported $0.99 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.99. Main Street Capital had a net margin of 96.16% and a return on equity of 12.70%. The business had revenue of $143.97 million during the quarter, compared to analyst estimates of $137.23 million. As a group, analysts predict that Main Street Capital will post 4.11 EPS for the current year.

Insider Buying and Selling at Main Street Capital

In other news, Director Nicholas Meserve sold 14,000 shares of Main Street Capital stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $67.15, for a total value of $940,100.00. Following the completion of the sale, the director directly owned 82,383 shares of the company’s stock, valued at approximately $5,532,018.45. This trade represents a 14.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Main Street Capital

Several hedge funds have recently bought and sold shares of the company. Brighton Jones LLC acquired a new position in shares of Main Street Capital in the 4th quarter valued at approximately $304,000. GAMMA Investing LLC lifted its stake in Main Street Capital by 5,557.9% in the 1st quarter. GAMMA Investing LLC now owns 1,075 shares of the financial services provider’s stock valued at $61,000 after acquiring an additional 1,056 shares in the last quarter. NBC Securities Inc. bought a new position in Main Street Capital in the first quarter valued at approximately $54,000. Merit Financial Group LLC bought a new stake in shares of Main Street Capital during the 1st quarter worth approximately $212,000. Finally, Park Avenue Securities LLC increased its holdings in Main Street Capital by 89.6% during the first quarter. Park Avenue Securities LLC now owns 7,186 shares of the financial services provider’s stock worth $406,000 after buying an additional 3,396 shares during the last quarter. 20.31% of the stock is currently owned by institutional investors and hedge funds.

Main Street Capital Company Profile

Main Street Capital Corporation is a business development company specializes in equity capital to lower middle market companies. The firm specializing in recapitalizations, management buyouts, refinancing, family estate planning, management buyouts, refinancing, industry consolidation, mature, later stage emerging growth.